Jaiprakash Power Ventures plans to sell 74% stake in JPL to PGCIL

Jaiprakash Power Ventures Ltd (JPVL) on Tuesday said its board has approved disinvestment of 74% stake in Jaypee Powergrid to PGCIL. Jaypee Powergrid Ltd (JPL) is a joint venture of Power Grid Corporation of India (PGCIL) and JPVL.